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6 Commercial Banking Stocks to Sell Now

HBC, HDB, BCH, TD, CM, MTU slump in weekly rankings


This week, the overall grades of six Commercial Banking stocks are lower, according to the Portfolio Grader database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

This week, HSBC Holdings (NYSE:HBC) falls to a D (“sell”), worse than last week’s grade of C (“hold”). HSBC Holdings is the holding company for the HSBC Group. Shares of the company are down 0.8% from last month, worse than the S&P 500’s 1% increase for the same period. To get an in-depth look at HBC, get Portfolio Grader’s complete analysis of HBC stock.

HDFC Bank (NYSE:HDB) is having a tough week. The company’s rating falls from a C to a D rating. HDFC Bank is a private sector bank and financial services company in India that is involved in retail banking, wholesale banking, and treasury operations. The stock’s trailing PE Ratio is 27. The price of HDB has dropped 6.9% over the past month. For more information, get Portfolio Grader’s complete analysis of HDB stock.

Banco de Chile (NYSE:BCH) earns a D this week, moving down from last week’s grade of C. NonactiveBanco de Chile provides a wide customer base of individuals and corporations with general banking services. The stock also gets an F in Sales Growth. Shares of BCH are down 1.7% since last month. To get an in-depth look at BCH, get Portfolio Grader’s complete analysis of BCH stock.

Slipping from a C to a D rating, Toronto-Dominion Bank (NYSE:TD) takes a hit this week. The Toronto-Dominion Bank provides personal and commercial banking, wealth management, insurance and wholesale banking in the United States and Canada. For more information, get Portfolio Grader’s complete analysis of TD stock.

Canadian Imperial Bank of Commerce‘s (NYSE:CM) rating weakens this week, dropping to a D versus last week’s C. Canadian Imperial Bank of Commerce is a global financial institution that serves clients through CIBC retail markets and wholesale banking. For a full analysis of CM stock, visit Portfolio Grader.

Mitsubishi UFJ Financial Group (NYSE:MTU) experiences a ratings drop this week, going from last week’s C to a D. Mitsubishi UFJ Financial Group provides financial services such as commercial banking, trust banking, securities, credit cards and asset management. The stock gets F’s in Earnings Growth, Earnings Momentum, and Sales Growth. The stock price has fallen 5% over the past month. For more information, get Portfolio Grader’s complete analysis of MTU stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.

Article printed from InvestorPlace Media,

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